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5 A jeweller has a division of 22 Carat Gold Bangles and wants to know the following Data relating to the last year for all
5
| A jeweller has a division of 22 Carat Gold Bangles and wants to know the following | ||
| Data relating to the last year for all months with total sales and total costs are also | ||
| available and given below | ||
| Month | # of Set | Total |
| sold | Cost | |
| Jan | 200 | $ 9,500 |
| Feb | 550 | $ 26,500 |
| Mar | 500 | $ 25,000 |
| Apr | 650 | $ 31,500 |
| May | 400 | $ 21,000 |
| June | 560 | $ 26,250 |
| July | 680 | $ 32,000 |
| Aug | 700 | $ 32,500 |
| Sep | 500 | $ 24,000 |
| Oct | 600 | $ 26,750 |
| Nov | 600 | $ 28,000 |
| Dec | 450 | $ 22,000 |
| Solve by Least-squares Regression Method ONLY AND COMPUTE THE FOLLOWING | ||
| Requirements: | ||
| (i) Variable cost per Set= $ | ||
| (ii) Fixed cost per month = $ | ||
| (iii) Semi Variable costs per month = $ | ||
| (iv) Semi Fixed costs per month = $ | ||
| REMEMBER NOT TO SOLVE BY HIGH-LOW METHOD | ||
| Need 100% Correct Answer only | ||
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Business Ethics A Stakeholder And Issues Management Approach
Authors: Joseph W. Weiss
7th Edition
1523091541, 978-1523091546
